Insulated Gate Bipolar Transistor Market involves in developing the IGBT technology and marketing. Insulated Gate Bipolar Transistor (IGBT) is a power semiconductor device which is primarily used as an electronic switch and finds application in the switch, pulse modulation and phase control among others. It has special features like lower switching losses and higher reliability, including higher efficiency and better thermal performance.

The increasing focus and increased investments on R&D of IGBT chip and module optimization to reduce power consumption, improve chip density, thermal resistivity and efficiency would further strengthen the position of Insulated Gate Bipolar Transistor Market. The need to replace outdated electronic systems with fast and efficient alternatives is increasing the demand for IGBT systems.

The replacement of aging power infrastructure in developed regions and increased demand for smart grids expected to fuel the demand of IGBT and represents a significant opportunity. The high IGBT device as compared to power MOSFETs acts as the major challenge for the growth of the Insulated Gate Bipolar Transistor Market. In addition, current leakage at high temperature also hampers the market growth.

Europe is dominating the Insulated Gate Bipolar Transistor Market, due to having high demand for insulated gate bipolar transistor from its major end-user industries. North America is registering significant growth and placed in the second highest position, followed by Asia-Pacific. North America is expected to register the highest growth due to increasing installations of green energy sources coupled with growing demand for electric and hybrid electric vehicles.

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* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.* Identifies growth sectors and factors driving or constraining the market.* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.* The study includes the demand of this particular market on a global and regional scale for a five year period of 2016 – 2021, to assess how the market will develop.